The S&P gained 0.42% Thursday to again close on a record high. There was a more modest 0.17% gain for the Dow, while the Nasdaq grew 1.03% off the back of good performances from tech shares.
All of which is good news for the stock market indicators under President Joe Biden. The S&P has now grown more than 6% since he took office in January, while the Nasdaq is closing in on a 3% rise following a more lackluster start.
Biden’s performance relative to Donald Trump has also improved over the past 24 hours. After 79 days of his presidency, the Nasdaq had grown by 6.1% for Trump compared to 2.76% for Biden. This is a deficit of 3.33%, which is down from over 4% yesterday. The Dow and the S&P have both done better under Biden than they had under Trump at this stage.
The picture compared to Barack Obama has changed in the opposite direction following what was a good day 79 for Obama some 12 years ago. Biden’s deficit on the Nasdaq has widened to more than 1%. His leads on the Dow and S&P have reduced by a few tenths of a percent but remain significant.
To see more presidential performance data such as GDP or jobs growth and comparisons, visit us at Facts First, the only non-opinion based presidential performance site on the web.